2. Which of the following will cause OLS estimators for a regression Наррiness = a Blncome +u to be biased? a) Income varies a lot in the sample. b) Optimistic disposition is in the unobservable u,...

2. Which of the following will cause OLS estimators for a regression<br>Наррiness<br>= a Blncome +u to be biased?<br>a) Income varies a lot in the sample.<br>b) Optimistic disposition is in the unobservable u, which is correlated with the<br>Income.<br>c) Omit the intercept when its true value is not zero.<br>d) Both b) and c)<br>

Extracted text: 2. Which of the following will cause OLS estimators for a regression Наррiness = a Blncome +u to be biased? a) Income varies a lot in the sample. b) Optimistic disposition is in the unobservable u, which is correlated with the Income. c) Omit the intercept when its true value is not zero. d) Both b) and c)

Jun 04, 2022

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2. Which of the following will cause OLS estimators for a regression Наррiness = a Blncome +u to be biased? a) Income varies a lot in the sample. b) Optimistic disposition is in the unobservable u,...

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